FREHO TECHNICS
ActiveSummary
FREHO TECHNICS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673,548 and a net result of €237,795. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 61% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-1
Solvency79▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.85 in 2024; short-term debt: 42.2% and cash: 33.5% of total assets), and 46% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54%
Return on assets
19.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
6 d early
2022
28 d early
2021
16 d early
2020
29 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 employer in Staden, Construction sector
Equity
€673,548▼ 12.4%
2024 · €768,496
Total assets
€1.2m▲ 11.4%
2024 · €1.1m
Net result
€237,795▲ 5.5%
2024 · €225,495
Working capital
€454,635▼ 24.2%
2024 · €599,650
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€152,913▼ 38.2%€91,517▼ 40.2%€251,671▲ 175%€328,897▲ 30.7%€325,545▼ 1.0%
Net result€103,576within the sector's middle half▼ 38.3%€61,406within the sector's middle half▼ 40.7%€170,097above the sector's middle half▲ 177%€225,495above the sector's middle half▲ 32.6%€237,795above the sector's middle half▲ 5.5%
Equity€507,478within the sector's middle half▲ 25.6%€568,884within the sector's middle half▲ 12.1%€654,288within the sector's middle half▲ 15.0%€768,496above the sector's middle half▲ 17.5%€673,548above the sector's middle half▼ 12.4%
Total assets€646,120within the sector's middle half▼ 4.4%€725,317within the sector's middle half▲ 12.3%€912,658within the sector's middle half▲ 25.8%€1.1mwithin the sector's middle half▲ 22.7%€1.2mwithin the sector's middle half▲ 11.4%
Debt€138,642▼ 49.1%€156,433▲ 12.8%€258,370▲ 65.2%€350,936▲ 35.8%€573,944▲ 63.5%
Working capital€346,106within the sector's middle half▲ 39.4%€426,933within the sector's middle half▲ 23.4%€525,570above the sector's middle half▲ 23.1%€599,650above the sector's middle half▲ 14.1%€454,635above the sector's middle half▼ 24.2%
Solvency78.5%above the sector's middle half▲ 18.8pp78.4%above the sector's middle half▼ 0.1pp71.7%above the sector's middle half▼ 6.7pp68.7%above the sector's middle half▼ 3.0pp54.0%within the sector's middle half▼ 14.7pp
Current ratio4.74above the sector's middle half▲ 2.524.27above the sector's middle half▼ 0.473.16above the sector's middle half▼ 1.112.85within the sector's middle half▼ 0.311.86within the sector's middle half▼ 0.99
Return on assets (ROA)16.0%above the sector's middle half▼ 8.8pp8.5%within the sector's middle half▼ 7.6pp18.6%above the sector's middle half▲ 10.2pp20.1%above the sector's middle half▲ 1.5pp19.1%above the sector's middle half▼ 1.1pp
Staff (FTE)5.8within the sector's middle half▲ 61.1%6.1within the sector's middle half▲ 5.2%4.9within the sector's middle half▼ 19.7%7.3within the sector's middle half▲ 49.0%7.4within the sector's middle half▲ 1.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€265,969 ▲ 35.9%
Current assets
€981,523 ▲ 6.3%
Equity and liabilities €1.2m
Equity
€673,548 ▼ 12.4%
Debt
€573,944 ▲ 63.5%
Debt's share of the balance-sheet total rises from 31.3% to 46.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€380,686▲
2024 · €367,064
Cash flow
€292,935▲
2024 · €263,662
Debt to equity
0.85▲
2024 · 0.46
ROE
35.3%▲
2024 · 29.3%
Interest coverage
94.18▼
2024 · 219.24
Debt ≤ 1 year
€526,887▲
2024 · €324,068
Debt > 1 year
€47,056▲
2024 · €26,868
Income taxes
€85,566▼
2024 · €108,592
Staff costs
€595,314▲
2024 · €521,497
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,994 | €0 | €786 | €0 | €22,442 | - |
| Remuneration, social security and pensions62 | €344,362 | €317,083 | €340,785 | €521,497 | €595,314 | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,796 | €41,635 | €30,074 | €38,167 | €55,140 | ▲ 44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €5,338 | €0 | - | €11,011 | - |
| Other operating charges640/8 | €6,711 | €7,178 | €8,429 | €8,895 | €7,481 | ▼ 15.9% |
| Non-recurring operating charges66A | €848 | €2,813 | €0 | - | - | - |
| Gross operating margin9900 | €543,630 | €465,565 | €630,958 | €897,456 | €994,492 | ▲ 10.8% |
| Operating profit (loss)9901 | €152,913 | €91,517 | €251,671 | €328,897 | €325,545 | ▼ 1.0% |
| Financial income75/76B | €17 | €263 | €1,873 | €6,864 | €1,857 | ▼ 72.9% |
| Recurring financial income75 | €17 | €263 | €1,873 | €6,864 | €1,857 | ▼ 72.9% |
| Financial charges65/66B | €2,749 | €1,935 | €3,390 | €1,674 | €4,042 | ▲ 141% |
| Recurring financial charges65 | €2,749 | €1,935 | €3,390 | €1,674 | €4,042 | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €150,181 | €89,845 | €250,154 | €334,087 | €323,361 | ▼ 3.2% |
| Income taxes67/77 | €46,605 | €28,439 | €80,057 | €108,592 | €85,566 | ▼ 21.2% |
| Profit (loss) for the period9904 | €103,576 | €61,406 | €170,097 | €225,495 | €237,795 | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €103,576 | €61,406 | €170,097 | €225,495 | €237,795 | ▲ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €646,120 | €725,317 | €912,658 | €1.1m | €1.2m | ▲ 11.4% |
| Fixed assets21/28 | €207,571 | €167,826 | €143,593 | €195,714 | €265,969 | ▲ 35.9% |
| Tangible fixed assets22/27 | €207,571 | €167,826 | €143,593 | €195,714 | €265,969 | ▲ 35.9% |
| Land and buildings22 | €161,234 | €141,898 | €122,563 | €103,227 | €83,891 | ▼ 18.7% |
| Plant, machinery and equipment23 | €4,709 | €2,532 | €1,788 | €1,044 | €300 | ▼ 71.2% |
| Furniture and vehicles24 | €37,258 | €23,396 | €19,242 | €91,443 | €181,777 | ▲ 98.8% |
| Leasing and similar rights25 | €4,370 | €0 | - | - | - | - |
| Current assets29/58 | €438,550 | €557,491 | €769,065 | €923,718 | €981,523 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €305,898 | €408,827 | €474,911 | €585,352 | €536,189 | ▼ 8.4% |
| Trade receivables40 | €250,995 | €314,960 | €410,435 | €473,540 | €389,622 | ▼ 17.7% |
| Other amounts receivable41 | €54,903 | €93,867 | €64,476 | €111,811 | €146,567 | ▲ 31.1% |
| Cash at bank and in hand54/58 | €103,755 | €147,077 | €275,246 | €316,178 | €418,323 | ▲ 32.3% |
| Deferred charges and accrued income490/1 | €28,897 | €1,587 | €18,907 | €22,189 | €27,010 | ▲ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €646,120 | €725,317 | €912,658 | €1.1m | €1.2m | ▲ 11.4% |
| Equity10/15 | €507,478 | €568,884 | €654,288 | €768,496 | €673,548 | ▼ 12.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €501,278 | €562,684 | €648,088 | €762,296 | €667,348 | ▼ 12.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Distributable reserves133 | €498,418 | €559,824 | €647,088 | €761,296 | €666,348 | ▼ 12.5% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €138,642 | €156,433 | €258,370 | €350,936 | €573,944 | ▲ 63.5% |
| Amounts payable after more than one year17 | €46,199 | €25,875 | €14,875 | €26,868 | €47,056 | ▲ 75.1% |
| Financial debts170/4 | €46,199 | €25,875 | €14,875 | €26,868 | €47,056 | ▲ 75.1% |
| Amounts payable within one year42/48 | €92,444 | €130,558 | €243,495 | €324,068 | €526,887 | ▲ 62.6% |
| Current portion of amounts payable after more than one year42 | €20,826 | €20,324 | €10,500 | €18,199 | €29,137 | ▲ 60.1% |
| Financial debts43 | €5,021 | €0 | - | - | €20,311 | - |
| Credit institutions430/8 | €5,021 | €0 | - | - | €20,311 | - |
| Trade debts44 | €47,344 | €94,668 | €109,469 | €113,814 | €55,970 | ▼ 50.8% |
| Suppliers440/4 | €47,344 | €94,668 | €109,469 | €113,814 | €55,970 | ▼ 50.8% |
| Taxes, remuneration and social security45 | €19,252 | €15,566 | €38,832 | €80,769 | €88,726 | ▲ 9.9% |
| Taxes450/3 | €2,697 | €3,201 | €21,150 | €58,096 | €64,724 | ▲ 11.4% |
| Remuneration and social security454/9 | €16,555 | €12,365 | €17,682 | €22,672 | €24,002 | ▲ 5.9% |
| Other amounts payable47/48 | €0 | - | €84,694 | €111,287 | €332,744 | ▲ 199% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,576 | €61,406 | €170,097 | €225,495 | €237,795 | ▲ 5.5% |
| + Depreciation and write-downs630 | €38,796 | €41,635 | €30,074 | €38,167 | €55,140 | ▲ 44.5% |
| Operating cash flow (approximation) | €142,372 | €103,041 | €200,171 | €263,662 | €292,935 | ▲ 11.1% |
| Investment in fixed assets (approximation) | - | -€1,891 | -€5,840 | -€90,288 | -€125,395 | ▼ 38.9% |
| Change in cash | - | €43,322 | €128,169 | €40,931 | €102,145 | ▲ 150% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
15-07
State Gazette act
Permanent representatives: Veerle Lozie and Frederiek Hoet3 facts ▸
State Gazette act
Permanent representatives: Veerle Lozie and Frederiek Hoet
3 facts ▸
- General meeting, 02-03-2026
- Permanent representative, Veerle Lozie (permanent representative)
- Permanent representative, Frederiek Hoet (permanent representative)
2025
31-12
Financial
Highest result since 2018net €237,795 ▲5.5%
Net result €237,795, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €61,406 ▼40.7%
Net result drops to €61,406, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.74
Current ratio from 2.23 to 4.74; short-term debt falls from €202,304 to €92,444.
31-12
Financial
Equity above €500,000Eq €507,478 ▲25.6%
4 profitable years in a row build equity to €507,478.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €279,653 ▲48.5%
2 profitable years in a row build equity to €279,653.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Staden · 1 establishment unit since 2004
Ground area
1,195 m²
Building footprint
176 m²
Volume, LiDAR
889 m³
Parcel 36020C0465/00C000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FREHO TECHNICS
since 20042.135.914.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36020C0465/00C000 | Flanders | 1,195 m² | 1 · 176 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,797 EUR awarded · 1,123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,573 EUR | 943 EUR |
| 2024 | 1 | 224 EUR | 180 EUR |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 3,658 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862249034
Also
9925:BE0862249034
Registered
28-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.